Suzano VP granted 36,395 phantom share units

Assumpcao Marcos Moreno Chagas reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Assumpcao Marcos Moreno Chagas reported acquisition or exercise transactions in this Form 4 filing.

Suzano S.A. reported a compensation-related transaction for its VP of Finance and Investor Relations, Marcos Moreno Chagas Assumpcao. He received a grant of 36,395 cash-settled phantom shares on May 27, 2026, with each phantom share referenced to one Suzano common share.

The phantom shares will vest on April 1, 2029, subject to conditions, and will be settled in cash based on the market price of Suzano’s common shares at vesting. Following this award, his reported phantom share balance is 92,807 phantom shares, all tied economically to the company’s stock but paid out in cash rather than actual shares.

Insider Trade Summary

Grant/Award: 36,395 shares

Grant/Award 1 txn

Insider Assumpcao Marcos Moreno Chagas

Role VP of Finance and IR

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	36,395	$0.00	$0.00

Holdings After Transaction: Phantom Shares — 92,807 contracts (Direct)

Footnotes (2)

1. F1. Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting.
2. F2. The value of the phantom shares is tied to the market price of the issuer s common shares and will be settled in cash upon vesting, subject to the terms of the applicable plan.

Key Figures

Phantom shares granted: 36,395 phantom shares Phantom shares after grant: 92,807 phantom shares Award price per phantom share: $0.0000 per phantom share +3 more

6 metrics

Phantom shares granted 36,395 phantom shares Cash-settled award granted May 27, 2026

Phantom shares after grant 92,807 phantom shares Total reported phantom shares following transaction

Award price per phantom share $0.0000 per phantom share Grant/award acquisition, compensation instrument

Underlying common shares reference 36,395 common shares Each phantom share referenced to one Suzano common share

Vesting date April 1, 2029 Phantom shares vesting date, subject to conditions

Transaction date May 27, 2026 Date of phantom share grant

Key Terms

Phantom Shares, cash settled, vesting, market price, +1 more

5 terms

Phantom Shares financial

"Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

cash settled financial

"Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029"

A contract described as cash settled is one where, at the end, one party pays the monetary difference in value rather than delivering the actual underlying asset. For investors this matters because it simplifies transactions (like settling a bet by paying the win amount instead of handing over a physical item), affects liquidity and timing of cash flows, and changes exposure to storage, delivery logistics and certain tax or counterparty considerations.

vesting financial

"granted on 05/27/2026 and vesting on 04/01/2029, subject to certain conditions"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

market price financial

"The value of the phantom shares is tied to the market price of the issuer s common shares"

Market price is the current amount buyers are willing to pay and sellers are willing to accept for a share or other security at a given moment, like the tag on an item in a busy shop that changes with demand. It matters to investors because it determines what you would receive when selling or what you must pay to buy now, reflecting supply, demand and recent news that affect perceived value.

settled in cash financial

"Phantom shares are settled in cash upon vesting"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Suzano (SUZ) report in this Form 4?

Suzano reported a grant of 36,395 cash-settled phantom shares to its VP of Finance and Investor Relations. These units reference Suzano common shares and represent a compensation award tied to future stock performance, not an open-market share purchase or sale.

Who received phantom shares from Suzano (SUZ) and in what role?

The phantom shares were granted to Marcos Moreno Chagas Assumpcao, Suzano’s VP of Finance and Investor Relations. This aligns his compensation with Suzano’s share price, since the value of the award depends on future market prices at vesting.

How many phantom shares did the Suzano (SUZ) executive hold after the grant?

After the transaction, the executive is reported to hold 92,807 phantom shares. All of these are cash-settled instruments whose value is tied to Suzano’s common share price, rather than representing direct ownership of Suzano stock itself.

When do the newly granted Suzano (SUZ) phantom shares vest?

The newly granted phantom shares vest on April 1, 2029, subject to conditions under the applicable plan. At vesting, they will be settled in cash based on the market price of Suzano’s common shares, providing long-term, performance-linked compensation.

Are Suzano (SUZ) phantom shares settled in stock or cash?

The phantom shares are settled in cash, not actual Suzano stock. Their value is tied to the market price of Suzano’s common shares at vesting, so the executive’s payout mirrors share performance while avoiding direct issuance of additional common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 05:10 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Assumpcao Marcos Moreno Chagas

(Last) (First) (Middle)

AV BRIGADEIRO FARIA LIMA 1355

(Street)

SAO PAULO 01452-002

(City) (State) (Zip)

BRAZIL

(Country)

2. Issuer Name and Ticker or Trading Symbol
Suzano S.A. [ SUZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP of Finance and IR

2a. Foreign Trading Symbol
[SUZB3]

3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	05/27/2026		A		36,395		(1)	(1)	Common shares	36,395	(2)	92,807	D

Explanation of Responses:

1. Cash settled phantom shares granted on 05/27/2026 and vesting on 04/01/2029, subject to certain conditions. The price of each phantom share is referenced to one Suzano common share. Phantom shares are settled in cash upon vesting.

2. The value of the phantom shares is tied to the market price of the issuer s common shares and will be settled in cash upon vesting, subject to the terms of the applicable plan.

Remarks:

	/s/ Victor Conde Valladares Camina as attorney-in-fact for Marcos Moreno Chagas Assumpcao	05/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)